I had received half a dozen calls from the members if it is an opportunity to buy DLF at current levels. I had advised all of them to initiate short at Rs 115 if they like to trade with the stock. I further informed them to keep a stop at Rs 120 (on a closing basis) and enjoy the trade. Since the stock has gone down as much as 30% on Wednesday it experienced a small pull back. We expect the stock to trade below Rs 100 shortly. There are better stocks for investors which will be discussed in the Sunday webinar as well as in the Chennai face to face meeting.

Astute investor’s prime objective is to amass wealth from the stock market. They do not like to trade on any stock but they find out ways to deploy their money in quality instruments so that they can enjoy wealth in the long run. Plan your work and work your plan is the simple mantra to wealth creation and if we adhere to it we would surely be able to build wealth.

Next week we have very shortened week as the market is closed for 2 days owing to Diwali festival. Let us check how Modi’s cracker works in the coming week but Indian market would perform extremely well over the next 3-6 years.